Around 100 people attended a virtual public hearing held by state regulators on Tuesday in response to a taxpayer challenge of the 2023 Lake County Land Order, which recorded significantly higher land values in Calumet Township and portends a significant increase in property taxes for the area.
Property taxes fund government services provided by counties, townships, municipalities, school districts and other local government bodies, and are based on the market value of a property as determined by an assessor’s office. In Indiana, properties are assessed every four years, with 25% of a county’s properties assessed each year.
“I worry that our our community will become very beige.” Though the land order’s assessed land values will result in property tax increases for Calumet Township residents, they will not necessarily rise by the same percentage as the base land values. The new tax liabilities of Calumet Township residents are not yet clear, as state regulators are still reviewing filings from local government entities that will inform those values.
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